PJX Resources Inc. has discovered a locally mineralized diatreme breccia located approximately 500 metres west of the intrusive related gold-silver-copper prospect announced in news release dated Nov. 15, 2022. Part of the breccia margin is flooded with quartz, and locally contains high copper values; three grab samples from the margin of the breccia analyzed 8.79 %, 3.35 %, and 2.01% copper.

This new discovery is about 500 metres west of the cluster of intrusive stocks and dykes that are associated with a variety of breccias and the historical Estella mine (zinc-lead-silver vein) in the Sullivan Mining District and the Vulcan Gold Belt in southeastern British Columbia, Canada. Gold, silver, and copper mineralization occur in multi-phased, variably altered, and veined syenitic/alkalic porphyritic intrusions. The intrusive phases locally contain disseminated sulphides.

For example, grab sample MS22-57 with quartz veining from this phase analyzed 6.9 g/t gold, 447 g/t silver and 1.108% copper The diatreme breccia locally has magnetite as the matrix with quartz flooding occurring along the margin. Three grab samples from quartz vein flooding in the brecciated gabbro from the margin area contained copper, silver, and anomalous gold, zinc, nickel, and cobalt. The diatreme breccia locally has magnetite as the matrix with quartz flooding occurring along the margin.

Three grab samples from quartz vein flooding in the brecciated gabbro from the margin area contained copper, silver, and anomalous gold, zinc, nickel, and cobalt. DLP Resources Inc. ("DLP") has notified PJX of their intention to return the DD Property to PJX effective February 24, 2023. DLP had an option to earn up to a 75% interest in the DD Property.

Unfortunately, the last hole drilled, in May 2022 on the Moby Dick Property, was not completed as it became stuck in a fault at about 1300 metres deep before it could test a Magnetotelluric (MT) geophysical anomaly at a target depth of about 1700m. Additional MT anomalies at target depths of about 1700 metres occur on the DD, Moby Dick and NZOU properties. PJX Resources retains a 100% interest in the DD Property.

PJX has a 50% interest in Moby Dick Property with the right to earn a 50% interest in the NZOU Property which are both adjacent to the DD Property. DLP has indicated that they will now focus on the Sullivan-type Zn-Pb-Ag targets on the Moby Dick and NZOU properties.